BHP and Anglo dig in even as takeover talks deadline nears, sources say
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 28 2024
0mins
Should l Buy ?
Source: reuters
- Struggle for Common Ground: BHP is struggling to reach an agreement with Anglo American on a takeover offer, with no new concessions as the deadline approaches.
- Deadline Extension: Anglo granted BHP a one-week extension to submit a binding offer after rejecting a third proposal.
- Contentious Issues: Talks are ongoing to resolve issues over the deal structure, which includes unbundling South African assets.
- Investor Perspectives: Some of Anglo's top investors believe BHP is not willing to change the deal's value and structure.
- Deal Complexity: Anglo finds BHP's proposed structure difficult to implement and eroding in value, while BHP sees its offer as generous considering potential synergies.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
